Seedstars World has partnered up with Inmarsat and AP-Swiss to award a USD 50,000 grant to the best space related startup in the third edition of the ongoing Seedstars World Pitch tour.
Inmarsat, the leading provider of mobile satellite communications services, AP-Swiss, the Ambassador Platform of ESA (European Space Agency), and the Swiss Space Office are offering the best startup utilising satellite technology a prize of USD 50,000, in addition to the three equity investments of USD 500,000 each for the winning startups.
Inmarsat and AP-Swiss are particularly interested in startups developing applications using broadband telecommunications provided by satellites.
José Achache, the Managing Director of AP-Swiss explains: “Space can fix and help connect rural areas with little or no Internet connection and bring specific applications such as e-banking, e-learning or e-health. This partnership with Seedstars World will allow us to tap into resources from all around the world. We are especially eager to see companies solving their local and regional problems with technology powered by satellites, and invite them to develop their services partly or fully in Switzerland.”
The $ 50, 000 grant, called the Space prize, will go to the best startup leveraging satellite technology as well as benefitting from the partners’ invaluable industry know-how and technological expertise.
Photo Credit: AP-Swiss
